Yum! Brands, Inc. (NYSE:YUM) – Research analysts at Oppenheimer lowered their Q1 2019 earnings estimates for Yum! Brands in a report released on Thursday, February 7th. Oppenheimer analyst B. Bittner now forecasts that the restaurant operator will earn $0.77 per share for the quarter, down from their prior estimate of $0.78. Oppenheimer also issued estimates for Yum! Brands’ Q3 2019 earnings at $0.99 EPS and Q4 2019 earnings at $1.24 EPS.
Other equities analysts have also issued research reports about the company. Zacks Investment Research reiterated a “buy” rating and issued a $97.00 price target on shares of Yum! Brands in a research report on Saturday, November 17th. Cowen reiterated a “buy” rating and issued a $100.00 price target on shares of Yum! Brands in a research report on Sunday, December 2nd. Stifel Nicolaus lowered Yum! Brands from a “buy” rating to a “hold” rating and set a $94.00 price target for the company. in a research report on Tuesday, October 23rd. Finally, Gordon Haskett initiated coverage on Yum! Brands in a research report on Thursday, October 18th. They issued a “hold” rating and a $90.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $92.64.
NYSE:YUM opened at $93.26 on Monday. Yum! Brands has a 1-year low of $76.32 and a 1-year high of $95.45. The firm has a market capitalization of $29.58 billion, a P/E ratio of 29.42, a P/E/G ratio of 1.96 and a beta of 0.60.
Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Thursday, February 7th. The restaurant operator reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.57). Yum! Brands had a net margin of 27.11% and a negative return on equity of 14.19%. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same quarter last year, the business earned $0.96 EPS. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Thursday, February 14th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, February 13th. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.36. This represents a $1.68 dividend on an annualized basis and a yield of 1.80%. Yum! Brands’s dividend payout ratio (DPR) is presently 45.43%.
In other Yum! Brands news, Director Tanya L. Domier acquired 2,652 shares of the firm’s stock in a transaction on Friday, February 8th. The stock was purchased at an average cost of $94.23 per share, for a total transaction of $249,897.96. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Scott Catlett sold 745 shares of the firm’s stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $90.00, for a total value of $67,050.00. Following the sale, the general counsel now owns 5,188 shares of the company’s stock, valued at $466,920. The disclosure for this sale can be found here. Insiders have sold a total of 42,317 shares of company stock valued at $3,883,277 over the last 90 days. Corporate insiders own 0.63% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in YUM. Schroder Investment Management Group acquired a new stake in Yum! Brands during the 2nd quarter worth about $1,352,000. DNB Asset Management AS raised its stake in shares of Yum! Brands by 2.3% during the 3rd quarter. DNB Asset Management AS now owns 42,026 shares of the restaurant operator’s stock worth $3,821,000 after purchasing an additional 949 shares in the last quarter. Douglass Winthrop Advisors LLC purchased a new stake in shares of Yum! Brands during the 3rd quarter worth about $201,000. Bank of Montreal Can raised its stake in shares of Yum! Brands by 19.1% during the 3rd quarter. Bank of Montreal Can now owns 373,903 shares of the restaurant operator’s stock worth $33,992,000 after purchasing an additional 60,039 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. raised its stake in shares of Yum! Brands by 3.1% during the 3rd quarter. Stock Yards Bank & Trust Co. now owns 20,082 shares of the restaurant operator’s stock worth $1,826,000 after purchasing an additional 603 shares in the last quarter. Hedge funds and other institutional investors own 72.64% of the company’s stock.
Yum! Brands Company Profile
YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.
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